Once Again, Take GMCR Profits!
Lock In Another Quick Gain
PLAY: Sell your GMCR October 75 Calls (QGM JO) at market, good for the day.
Dear Bottarelli Research Member,
First, the good news.
Our trading tactics on Green Mountain Coffee Roasters (GMCR – NASDAQ) continue to pay off handsomely. First thing this morning, we locked in a 39% gain on our GMCR October 75 Calls (QGM JO).As it turned out, this was very close to the high of the session. After locking in our profits, GMCR dipped back down, which promoted me to reload the ledger. As a result, we bought back into the GMCR October 75 Calls (QGM JO) for $1.25. And once again, GMCR has now recovered for the second time today, pushing our calls back up to a high of $1.65. That’s another quick 32% gainer, which we should lock in immediately.
PLAY: Sell your GMCR October 75 Calls (QGM JO) at market, good for the day.
On the flip-side, today’s market strength is not boding well for our two downside put positions. As I write, both our WYNN October 65 Puts (UWY VM) and our MOS October 50 Puts (MOS VJ) have officially triggered our stop losses. Therefore, if you haven’t already done so, close out each position now.
Despite internal weakness in both MOS and WYNN, both stocks are rising alongside the market. WYNN insiders, in particular, are aggressively dumping shares, yet the rising tide of the market is lifting all boats. Let’s close out these plays, and then readjust our strategy to momentarily bias the market upside.
And as always…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.
Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.
CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.